Sweetgreen, Inc.

EARNINGS (LOSS) PER SHARE During the thirteen and twenty-six weeks ended June 28, 2026 and June 29, 2025, the rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock were identical, except with respect to voting.

SEC original ↗Sweetgreen, Inc. — 10-Q Quarterly report10-QAug 7, 2026

As the liquidation and dividend rights were identical, the undistributed earnings were allocated on a proportionate basis and the resulting net earnings (loss) per share attributable to common stockholders were, therefore, the same for both Class A and Class B common stock on an individual or combined basis.

SEC original ↗Sweetgreen, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Our priorities are clear deliver great guest experiences with the best sourced and prepared food, and improve execution and consistency across the fleet.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

These potential differences may be caused by variations in capital structures (affecting interest expense), tax positions (such as the impact on periods or companies of changes in effective tax rates or NOL), and the age and book depreciation of facilities and equipment (affecting relative depreciation expense) are widely used by analysts, investors, and competitors to measure a company s operating performance are used by our management and board of directors for various purposes, including as measures of performance, and as a basis for strategic planning and forecasting and are used internally for a number of benchmarks, including to compare our performance to that of our competitors.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

They plant roots in each community by building a transparent supply chain, investing in local farmers and growers, and enhancing the total experience with innovative technology.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

(2) Other expense typically includes expenses recorded for accruals related to legal settlements, amortization costs associated with the implementation of the Company s Enterprise Resource Planning system, and other costs associated with other one-time initiatives.

SEC original ↗Sweetgreen, Inc. — 10-Q Quarterly report10-QAug 7, 2026

One of our strategies is to grow our footprint in both existing and new U.

SEC original ↗Sweetgreen, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Sweetgreen s second quarter results reflected a convergence of several headwinds, including macroeconomic pressures, a challenging comparison to last year s strong Q2, and the transition of our loyalty program, said Jonathan Neman, Co-Founder and Chief Executive Officer.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

While headwinds weighed on results, our financial model is strong.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Fiscal Year 2025 Outlook For fiscal year 2025, we are updating our guidance as follows At least 40 Net New Restaurant Openings, with 20 featuring the Infinite Kitchen Revenue ranging from $700 million to $715 million Same-Store Sales Change of (6)% to (4)% Restaurant-Level Profit Margin of approximately 17.5% Adjusted EBITDA between $10 million to $15 million We have not reconciled our expectations as to Restaurant-Level Profit Margin and Adjusted EBITDA to their most directly comparable GAAP measures as a result of uncertainty regarding, and the potential variability of, reconciling items.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quanti ed.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

In addition, new risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements.

SEC original ↗Sweetgreen, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025